Nzdjpysell
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 69.059 where it could potentially react off and up to 1st resistance at 69.675.
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NZDJPY - SELL Now"W" Pattern was formed, Overbought situation & Upper bollinger band is touching the candles and confirming the overbought situation and its working as a resistance too. so all with these confirmation we NJ is in Selling position. But it might go little up and retrace from the 69.658 resistance.
Note: Trade at your own risk.
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NZD/JPY SHORT Round 2NZD/JPY Should do a bounce back to test Resistance one more time, where we are looking to short it once again
We will be using the same parameters as previous call yesterday
This time both are sell limits
NZD/JPY SELL LIMIT
Entry 68.650
Entry 2 68.800
sl 69.100
tp.1 68.350
tp.2 68.100
tp.3 67.900
Risk management please .01 or .02 for every 100
BUY NZDJPYWe recently saw NZDJPY move bearish until it met a crucial point of support which was also the potential Termination point of the bearish move. Price is currently showing bullish potential to move to our target marked at 70.228 . There's a good risk to reward ratio on this trade and stop loss has been marked at 67.216.
Risk no more than 2% of your equity.
Happy trading Week all !
NZDJPY approaching support, potential for a bounce!
NZDJPY is expected to drop to 1st support at 67.726 where it could potentially react off and up to 1st resistance at 67.402.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.